We have a 27.5% interest in Sakhalin-2, an integrated oil and gas project located in a subarctic environment. In 2014, the project produced approximately 320 thousand boe/d and the output of LNG exceeded 10 million tonnes. In 2014, we returned the Arkatoisky (in the Yamalo Nenets Autonomous District) and the Barun-Yustinsky (in Kalmykia) licence blocks to the government. In 2015, the Lenzitsky block (also in the Yamalo Nenets Autonomous District) was returned to the government. We also have a 50% interest through Khanty-Mansiysk Petroleum Alliance V.O.F. (a 50:50 joint venture with Gazprom Neft) in three exploration licence blocks in western Siberia: South Lungorsky 1, Yuilsky 4 and Yuilsky 5. We have a 50% interest in the Salym fields in western Siberia, where production was approximately 130 thousand boe/d in 2014. As a result of EU and US sanctions prohibiting defined oil and gas activities in Russia in 2014, we paused our shale oil exploration activities, which were being undertaken through Salym and Khanty-Mansiysk Petroleum Alliance V.O.F.
Map of Kazakhstan and Russia
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Map of Russia – Siberia
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